{"id":110291,"date":"2017-08-07T22:09:07","date_gmt":"2017-08-08T02:09:07","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=110291"},"modified":"2017-08-07T22:09:07","modified_gmt":"2017-08-08T02:09:07","slug":"psei-starts-week-with-gains-php-weakens-vs-usd","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/08\/07\/psei-starts-week-with-gains-php-weakens-vs-usd\/","title":{"rendered":"PSEi starts week with gains, PHP weakens vs. USD"},"content":{"rendered":"<figure id=\"attachment_110296\" aria-describedby=\"caption-attachment-110296\" style=\"width: 415px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/pse-logo_1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-110296\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/pse-logo_1.png\" alt=\"The Philippine Stock Exchange index (PSEi) rose for the third consecutive trading day by 0.75 percent, or 59.45 points, to 7,992.37 points. (PNA PHOTO)\" width=\"415\" height=\"260\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/pse-logo_1.png 415w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/pse-logo_1-300x188.png 300w\" sizes=\"auto, (max-width: 415px) 100vw, 415px\" \/><\/a><figcaption id=\"caption-attachment-110296\" class=\"wp-caption-text\">The Philippine Stock Exchange index (PSEi) rose for the third consecutive trading day by 0.75 percent, or 59.45 points, to 7,992.37 points. (PNA PHOTO)<\/figcaption><\/figure>\n<p>MANILA, Aug. 7\u2014 Philippines\u2019 main stocks gauge finished Monday on a positive note but the peso weakened to a greenback after the higher-than-expected rise of non-farm payrolls in the US in \u00a0July 2017.<\/p>\n<p>The Philippine Stock Exchange index (PSEi) rose for the third consecutive trading day by 0.75 percent, or 59.45 points, to 7,992.37 points.<\/p>\n<p>A trader said investors\u2019 risk appetite were mostly up during the day given the developments overseas, with the US reporting improved non-farm payrolls in the seventh month this year.<\/p>\n<p>Latest non-farm payroll figure increased by 209,000, higher than the 183,000 projections. The previous month\u2019s level was revised up by 9,000 to 231,000.<\/p>\n<p>With this, all the other indices also went up. The broader All Shares index ticked-up\u00a0 0.40 percent, or 18.98 points, to 4,753.36 points.<\/p>\n<p>The sectors were led by the Holding Firms, which increased by 1.02 percent followed by the Financials, 0.73 percent; Services, 0.61 percent; Mining and Oil, 0.48 percent; Industrial, 0.18 percent; and Property, 0.02 percent.<\/p>\n<p>Volume for the day totalled to 1.4 billion shares amounting to PHP4.88 billion.<\/p>\n<p>Decliners led advancers at 99 to 88 while 59 stocks were unchanged.<\/p>\n<p>On the other hand, the peso finished the day at 50.35 from 50.16 last Friday.<\/p>\n<p>Another trader pointed this to positive economic reports from the US, which the trader said made some investors hopeful for possible hike in the US Federal Reserve rates in December.<\/p>\n<p>The peso\u2019s weakness during the day showed early on when it opened the week at 50.30 from 50.20 in the previous session.<\/p>\n<p>It traded between 50.37 and 50.25 resulting in an average of 50.31.<\/p>\n<p>Volume for the day was lower at USD428.9 million compared to the USD631.3 million in the previous session.<\/p>\n<p>The currency pair is seen to trade between 50.20 and 50.40 Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA, Aug. 7\u2014 Philippines\u2019 main stocks gauge finished Monday on a positive note but the peso weakened to a greenback &hellip;<\/p>\n","protected":false},"author":33,"featured_media":110296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,95],"tags":[20609,20608],"class_list":["post-110291","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news-ph","tag-holding-firms","tag-the-philippine-stock-exchange-index-psei","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/110291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=110291"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/110291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/110296"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=110291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=110291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=110291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}